Bonds that are sold in a foreign country and are denominated in that country's currency are known as

A. investment bankers.

B. traders.

C. brokers.

D. dealers.

E. none of the above.

A. A corporations stock is traded in an over-the-counter market.

B. A corporation buys commercial paper issued by another corporation.

C. A pension fund manager buys commercial paper from the issuing corporation.

D. Both A and B of the above.

E. Both B and C of the above

A. poorly informed consumers.

B. standardization.

C. economies of scale.

D. their market power

A. financial intermediaries and indirect finance play such an important role in financial markets.

B. equity and bond financing play such an important role in financial markets.

C. corporations get more funds through equity financing than they get from financial intermediaries.

D. direct financing is more important than indirect financing as a source of funds

A. A corporation takes out loans from a bank.

B. People buy shares in a mutual fund.

C. A corporation buys commercial paper in a secondary market.

D. All of the above.

E. Only A and B of the above

A. investment bank.

B. commercial bank.

C. stock exchange.

D. brokerage house.

A. A bond is a long-term security that promises to make periodic payments called dividends to the firms residual claimants.

B. A debt instrument is intermediate term if its maturity is less than one year.

C. A debt instrument is long term if its maturity is ten years or longer.

D. The maturity of a debt instrument is the time term) that has elapsed since it was issued